[Latest News] Withdraw Money to your Indian Bank Account from Paypal :D

Peyote Peon

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#1

I got this email from paypal only a few minutes back...cheers

Dear xxx,

Now you can add your Indian bank account to your
PayPal account, so you can withdraw your money
directly to your bank. It saves you time and gives
you faster access to your PayPal funds!

Plus, there is no charge to withdrawal amounts
over INR 7000*. So, go ahead and add your bank account today! Click here to learn how.

Still have questions? Click here.
*For withdrawal amounts of less than INR 7000, there is a
nominal fee of INR 50.
Click to expand...

Peyote, Nov 1, 2007 IP

Kaushal Peon

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#2

http://forums.digitalpoint.com/showthread.php?t=535123

Kaushal, Nov 1, 2007 IP

Peyote Peon

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#3

More info for those too lazy to click the links:

How does it work?

In just a few easy steps, you can add your Indian bank account to your PayPal account in order to conveniently withdraw your money.

1. Login to your PayPal account.
2. Click the 'Profile' subtab on the Account Overview page.
3. Click the 'Bank Accounts' link in the Financial Information column.
4. Click Add.
5. Fill out the Add Bank Account form.
6. Click 'Add Bank Account'.
7. You are now able to withdraw funds from your PayPal account to this bank account.

Which bank can I use to withdraw my money?

State Bank of India , Bank of India, Canara Bank, Union Bank of India, HDFC Bank, ICICI Bank, ING VYSYA Bank, UTI Bank, Standard Chartered Bank, HSBC, Citibank are the participating banks.

How long does it take to receive funds to reach my bank account?

It takes 5-7 business days, but may take more time, depending on your bank's policies.

Are there any minimum or maximum withdrawal amounts?

No, there are no minimum withdrawal amounts or maximum withdrawal amounts. However, a non-verified PayPal members can only withdraw US$500 per month. Learn more about verification

Can I still withdraw funds to a US bank account?

Yes. The functionality to withdraw your PayPal balance to a US bank account is still available.

How to add a bank account

You can add additional bank accounts from your Profile. You will still need to confirm your bank account in order to add funds to your PayPal account from your bank account.

1. Log in to your PayPal account.
2. Click the Profile subtab.
3. Click the Bank Accounts link in the Financial Information column.
4. Click Add.
5. Fill out the Add Bank Account form.
6. Click Add Bank Account.

You are now able to withdraw funds from your PayPal account to this bank account.

How much does it cost?

For withdrawal amounts of more than 7,000 Rupees are free. For withdrawal amounts of less then 7,000 Rupees, there will be a fee of 50 Rupees.

Please note that some banks charge their customers a fee for electronic funds transfers. PayPal can make no assurances that you will not be charged by your bank. Please ask your bank whether it charges for electronic fund transfers before you initiate a withdrawal.
Click to expand...

Peyote, Nov 1, 2007 IP

Peyote Peon

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#4

Kaushal said: ↑

http://forums.digitalpoint.com/showthread.php?t=535123
Click to expand...

oops, sorry..I got to know only now when I got their email

Peyote, Nov 1, 2007 IP

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[Latest News] Withdraw Money to your Indian Bank Account from Paypal :D

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